Second-Floor Office
For Sale
$339,000
42 Business Centre Drive 204-205, Miramar Beach, FL 32550
Six windowed offices complement an open workspace with built-in cabinetry and dedicated storage areas.
Property Size1,475 SF
Price / SF$229.83
Days on Market63
Property Features for 42 Business Centre Drive 204-205
General Information
Standard status
Active
Size
1,475 SF
Elevators
Yes
Additional Details
Floor
2
Listing Agency:
Taylor Allen Properties LLC
Listed By:
Brett D Stuart · License #678851
(850) 865-9123
Source:
Kimandcompany
Added: Aug 13
Changed: Oct 13
Last Checked: Oct 7 at 3:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Taylor Allen Properties LLC
Investment Insights
Based on property information with market context.
This 1,475-square-foot office unit occupies the second floor of the Summit Office building, with direct access from the elevator. The layout includes six offices with windows, a large open work area featuring built-in cabinetry, and several storage rooms. Floor-to-ceiling windows add natural light to multiple offices.
The property is located at 42 Business Centre Drive, Suite 204-205, in Miramar Beach, Florida. Its professional office configuration accommodates a combination of private rooms, shared workspace, and storage within a single suite.
The property is located at 42 Business Centre Drive, Suite 204-205, in Miramar Beach, Florida. Its professional office configuration accommodates a combination of private rooms, shared workspace, and storage within a single suite.
Key Highlights
- 1,475 SF second‑floor office unit
- Six windowed offices within the suite
- Large open area with built‑in cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,585
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,700
$371.7K
Cap Rate 7%
$265,500
$265.5K
Cap Rate 9%
$206,500
$206.5K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$31.0K $21.00/SF
− Vacancy
−$6.2K −$4.20/SF
EGI
$24.8K $16.80/SF
− OpEx
−$6.2K −$4.20/SF
NOI
$18.6K $12.60/SF
Area
Walton County, FL
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,700
Cap Rate 7%
$265,500
Cap Rate 9%
$206,500
Alternative Uses
Best Use
Office B
$265.5K
$232.3K – $309.8K
NOI $18,585 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.9K
$324.6K – $432.8K
NOI $25,966 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 32550, FL
7,828
Population
14,909
Households
0.5
Avg Household Size
58
Median Age
55%
College-Educated
98%
High-School Grad
7.0 sq mi
ZIP Area
1,118
Density / Sq Mi
$96,269
Median Household Income
$60,634
Median Earnings
$2,108
Median Rent
$679,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Six windowed offices complement an open workspace with built-in cabinetry and dedicated storage areas.
Where is this office units located?
The property is located at 42 Business Centre Drive 204-205 Miramar Beach, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1,475 SF second‑floor office unit; Six windowed offices within the suite; Large open area with built‑in cabinetry
